Boulder awards $21M in affordable-housing grants. BOULDER - The City of Boulder has awarded $21.38 million in grants from the Affordable Housing Fund to two organizations. The Affordable Housing Fund is used to build, rehabilitate or acquire affordable housing, with funds sourced from commercial linkage fees, Inclusionary Housing cash-in-lieu and the county's Affordable and Attainable Housing Tax. The fund helps advance the city's goal for 15% of all homes in Boulder to be permanently affordable by 2035. "This fund round is the city's largest one-year invest in affordable housing," Kurt Firnhaber, director of Housing and Human Services, said in a written statement. "These investments build on our successes in 2025; the city added 242 new affordable homes in 2025. With our investments in this fund round, we will add another 184 homes to the city's affordable home inventory which will help families, service workers and retirees stay in the community they call home. We are fortunate to have a strong partnership with Boulder Housing Partners and Thistle Communities that effectively leverage these funds to help the city toward our affordable housing goals." - Boulder Housing Partners' Golden West North Tower at 1055 and 1057 Adams Circle was awarded $1,400,000. The project is converting a formerly vacant assisted-living tower into 31 updated independent-living apartments for low-income seniors with 21 units becoming permanently affordable. The updates will modernize shared spaces and improve accessibility. - Boulder Housing Partners' Penrose Place at 3300 Penrose Place was awarded $15,080,000. The 113-unit, 100% permanently affordable housing development will provide "deeply affordable, energy-efficient homes" in a high-opportunity area with strong access to transit, amenities, and community resources, according to a press release. The homes will be available to households earning 30 - 60% AMI. - Boulder Housing Partners' 34th Street Project at 3125 34th St. was awarded $4,400,000. The 44-unit, all-electric housing community will serve individuals and families earning 30 - 60% AMI through a mix of one- to three-bedroom permanently affordable townhouse-style homes. he City of Boulder has awarded $21.38 million in grants from the Affordable Housing Fund to two organizations. * Boulder affordable-housing community trades for $56M Jonathan Rose Cos., a New York-headquartered real estate investor with a Denver office, closed late... * Broomfield Community Foundation awards $60K in grants The Broomfield Community Foundation has awarded almost $60,000 in grants to arts, civic and youth... * Last chance to register for Affordable Housing Summit Not much time remains to register for the second annual Northern Colorado Affordable Housing Summit,... * Social Venture Partners names new board members Social Venture Partners Boulder County has appointed Madeline Tomseth and Barbara Truan to its board...

Loading. Loading...LAKEWOOD, Colo., July 17, 2024 (GLOBE NEWSWIRE) -- FirstBank , one of the nation's largest privately held banks with a focus on "banking for good," recently closed a $21 million loan with Boulder Housing Partners (BHP) to support the Hawthorn Court development. The project broke ground on May 14 and will add 73 units, including 40 one-bedrooms, 27 two-bedrooms, and six three-bedrooms to the City of Boulder."By funding affordable housing, we're providing security, consistency and sustainability to countless individuals and families," said Adam Sands, Chief Banking Officer at FirstBank. "Safe and attainable housing is also crucial in fostering a strong economy, and we're excited to support Boulder Housing Partners in building a foundation for everyone to thrive."Hawthorn Court will primarily serve households making 30% to 60% of the Area Median Income (AMI), providing much-needed housing options for families across the income spectrum. Five units will also be set aside for families experiencing or at risk of homelessness.In addition, Hawthorn Court will prioritize sustainability. The development will feature solar energy, high-efficiency all-electric HVAC systems, high-performance windows, electric vehicle parking, and certifications from Enterprise Green Communities, Energy Star, and Zero Energy Ready Homes